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Forex Trend Analysis Report

Prepared for you on Saturday, October 19, 2019.

Papua New Guinea Kina/British Pound (FOREX:PGKGBP)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_PGKGBP
Open High Low PGKGBP Price Change
0.22836145 0.22868409 0.22836145 0.22868409 +0.00032300
Entry Signal

MarketClub’s Trade Triangles for PGKGBP

long term down The long term trend has been DOWN since Oct 17th, 2019 at 0.232825

intermediate term down The intermediate term trend has been DOWN since Oct 13th, 2019 at 0.235235

short term down The short term trend has been DOWN since Oct 13th, 2019 at 0.236690

Smart Scan Analysis for PGKGBP

Based on a pre-defined weighted trend formula for chart analysis, PGKGBP scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-100
Smart Scan Analysis for PGKGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.22836145 0.22868409 0.22836145 0.22868409 +0.00032300
Prev. Close Volume Bid Ask Time
0.22836145 0.22384805 0.23352012 2019-10-17 20:06:26
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